Scrap steel refers to all kinds of mechanical equipment, vehicles, agricultural machinery, machines and tools, building bells, military materials, daily necessities, etc. made of steel materials, which are scrapped after reaching a certain service life; Or waste products, scraps and iron-containing wastes produced in the production of these products; Furthermore, due to technological progress and backward economic indicators, the replaced outdated products are updated. Generally speaking, the steel that has lost its original use value is scrap steel.

Will the price of scrap iron be affected by the following factors?

The quantity of scrap steel in the market is the spot quantity. There are plenty of scrap steel in the market, so its price is low. On the contrary, it is high?

Sales price of finished steel products:?

Strong sales of finished products and rising prices have driven steel mills to expand production and increase output. Second, the price of scrap steel has risen. Enterprises with higher sales price of finished steel products often have a higher voice in the price of scrap steel, which can drive the market price of scrap steel. ?

The prices of pig iron and iron ore affect the market price of scrap steel.

The ever-changing price is inseparable from the comprehensive constraints of these three points. Therefore, as iron and steel enterprises, scrap operators, spot traders and futures traders, we should always pay attention to the changes in the upstream and downstream industries of scrap, and strive to be "proactive" and "prepared". In this way, we can "know ourselves and ourselves, and win every battle" and maximize the profit of our products.